Smiths Completes Acquisition

Smiths Group PLC
04 May 2004



News Release

London, 04 May 2004

For immediate release





Smiths Completes Acquisition of US Aerospace Business for $102 million Cash



Smiths Group today announced the completion of the acquisition of specialist
aero-engine component manufacturer, Dynamic Gunver Technologies (DGT) of the US,
for a cash sum of US $102 million (£60m).  This follows approval from the EU and
US regulatory bodies.



Commenting on the purchase, Smiths Group chief executive Keith Butler-Wheelhouse
said: 'This acquisition continues Smiths' strategy of growth in our major
markets.  We continue to seek excellent opportunities to strengthen our presence
through investing in new technology and new business'.



Smiths Group designs and manufactures safety critical systems and products, and
has market leading positions in aerospace systems, detection systems, medical
devices, mechanical seals, and interconnect products.

For further information, visit www.smiths-group.com



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